- User-friendly web-based trading platform for beginner traders
- TipRanks and Trading Central provide trading tools.
- Cryptocurrency CFDs come in a wide range of options.
- Forex trading costs are low since there are no commissions.
- A higher minimum deposit is required, although it is still within a comfortable range.
- Withdrawals are expensive and subject to conditions, however, there is a minimum of one free withdrawal every month.
On the Forex market, Investous Forex Broker is a relatively new firm. It claims to be an international broker and was founded in 2018. IOS International Limited is the firm behind the broker, and it is registered and licensed in Belize by the International Financial Services Commission.
Although the broker was formed in 2018, the company behind it has a solid track record and has been regulated since 2015, thus there is currently no reason to suspect Investous of being a fraud. The website is professional and without the usual hype about large gains; instead, it focuses on outlining the possible threats, which is a sign of a reliable broker.
We’re going to go over Investous’s main capabilities, advantages, and general efficiency for investors on this page.
- 1 Is Investous Legit?
- 2 Is Investous Regulated?
- 3 Regulations Benefit Traders Greatly Due to the Following Reasons:
- 4 Who Is Investous Recommended for?
- 5 Investous Trade Experience
- 6 The Following Are Some of Investous ‘s Most Popular Features:
- 7 How to Sign Up for an Investous Account
- 8 Investous Demo Account
- 9 Investous Customer Service
- 10 Conclusion
Is Investous Legit?
It’s easy to get into the trading game with InvestMarkets. Financial authorities in both Cyprus and Belize have registered and authorized Investous. The Cyprus Securities and Exchange Commission (CySEC) regulates Cyprus, while the International Financial Services Commission regulates Belize (IFSC).
Client funds are stored in separate accounts under the restrictions and severe standards of both of these commissions, and the broker must adhere to all working conditions imposed by them. Customers from the United States, British Columbia, Canada, and a few other countries are not accepted.
Thankfully, Investous has a long track record of success, with the majority of its reviews being favorable. However, there are a few things we still need to look at to see if it’s legitimate.
First and foremost, Investous is a well-known broker, which is great news for everyone. According to our analysis, there are no current “scam” reports from Investous users. Furthermore, the site urges customers to take as many precautions as possible in order to decrease the risk associated with trading.
Is Investous Regulated?
Users’ key worries during the platform haunting process are regulations and safety. Regulated platforms are generally preferred over unregulated platforms. The Investous platform has gone to great lengths to ensure that its users are safe and secure. As a result, it is regulated by the International Financial Services Commission (IFSC) under license number 000349/122, and by the CySEC under license 267/15 for European consumers.
Thankfully, the following organizations regulate Investous:
- Cyprus Securities and Exchange Commission (CySEC) – European Union
- International Financial Services Commission of Belize (IFSC).
Some people may be unaware of what broker regulations include. To put it another way, if a broker is regulated, it means it follows all of a jurisdiction’s rules. In exchange, the corporation receives a license to lawfully operate in the area.
Regulations Benefit Traders Greatly Due to the Following Reasons:
- More Transparency Regulated brokers, such as Investous, are required to undergo audits and submit reports to the authorized association to ensure that everything is running well; this ensures that no frauds are perpetrated.
- Regulated Leverage Leverage is defined as borrowing money from your broker (in this example, Investous) to conduct trades. Because of laws, there is a limit on leverage, which protects your money.
- Risk Warnings Before a user can open their first trading account, a registered broker must show them a risk warning. As a user, you must be fully informed about the company’s operations, fees, and potential hazards.
- Financial Protection According to CySEC, regulated brokers for this company must execute the Investor Compensation Fund in the event that the company is compromised. You can get most (if not all) of your money back in these situations.
- Segregated Funds All users’ funds are kept separate at all times, which makes withdrawals significantly safer. A regulated broker always has enough money to facilitate a withdrawal, regardless of when you decide to do so.
- ID Verification When you sign up with a regulated broker, you must provide ID verification and proof of residence. While it may not appear to be much, it can help prevent problems like money laundering.
Who Is Investous Recommended for?
In essence, Investous is aimed at anyone looking for a simple yet powerful platform to invest in Forex or cryptocurrency. While Investous is ideal for pros, it is also a wonderful choice for beginners due to its user-friendly interface.
Overall, Investous’s desktop and mobile versions provide a fair blend of features and tools. Keep in mind, though, that trading is still considered risky, so you should take your time learning the basics before placing any deals.
Investous Trade Experience
Since Investous has plenty of various options for its users, there is a lot to explore in this area. Investous works by depositing fiat cash into the account of the user (although you also have the option to transfer cryptocurrencies).
After you’ve completed your first transfer, you may use Investous ‘s web or mobile application to begin trading based on your trading plan. If you’re unclear what to do, you can duplicate trades from professional investors using Investous Popular Investor Program and CopyTrader tools.
To make a trade, go to your trading dashboard and click the “Buy” or “Sell” button, depending on what you want to do. You can also create a watchlist that you can share with the Investous mobile app.
The Following Are Some of Investous ‘s Most Popular Features:
Dashboard of Investous
As previously said, Investous has a simple and user-friendly UI. When you log into your account, you can see a summary of the market’s current conditions, as well as live price summaries for each asset.
Traders are only able to withdraw monies to the source of financing, which means that if they deposited using a credit card, they can only withdraw to that card, and the same is true for wire transfers. To comply with KYC and AML laws, clients are required to send IDs and evidence of residence.
Wire withdrawals cost 30 USD/EUR/GBP, while credit/debit card withdrawals cost 3.5 percent. They mention e-wallet deposits, but they don’t specify which ones. The processing time is normally one business day, and the money may take up to five business days to reach your account.
Range of Markets, Spreads, and Leverage
Over 270 underlying assets are available from Investous, including indices, equities, commodities, fiat currencies, and cryptocurrencies. The leverage for retail clients rises to 1:30, which is on the low side, but this is owing to ESMA regulation, which places various restrictions in place to protect investors. Higher leverage (1:400) is available to professional clients, however, there are some restrictions. The spreads are a little high (2.5 pips for EUR/USD), however, if you have a substantial deposit account, they can be reduced.
Investous has three main financial watchdogs that regulate the firm, and it offers the Meta Trader four trading platform, as well as a large number of underlying assets (over 270), CFDs on cryptocurrencies, and daily video market reviews. These are all excellent aspects that more brokers should provide.
Commission and Fees
There are no fees to open an account, exactly like everywhere else, but consumers must pay a withdrawal fee of 30 USD/EUR/GBP. Basic accounts include one free withdrawal per month, Gold accounts include two free withdrawals per month, Platinum accounts include three free withdrawals per month, and VIP account holders do not have to pay for withdrawals.
The cost of a CFD is determined by the asset you intend to trade. In this Investous review, you can find a complete list of Investous’s fees for this investment type.
Its fees are calculated in Pips, which stands for “Percentage in Point,” and are determined by the currency pair you’re trading. If for instance you’re trading EUR/USD, you might have to pay one PIP in costs. However, in some situations, you may be required to pay up to 50 Pips.
Depending on the instrument, commodity costs range from two Pips to 20,000 Pips. Palladium is the most expensive commodity at the moment, with costs of 20,000 Pips.
Index fees range from 100 to 1200 Pips.
CFD Stocks use short sell orders and leverage because they do not entail ownership of any underlying assets. Each transaction costs 0.09 percent of the total transaction amount.
CFD Crypto Trades
The fees for each transaction are fixed at 0.75 percent and are subject to overnight fees in this situation.
Because CFD positions often remain open overnight, you may be charged an extra cost based on the value of your position. These fees are used to cover the costs of leverage.
Keep in mind that for currencies, commodities, and indices, the minimum trading size is $1,000.
Forex costs are similar to CFD fees in that they are determined by the currencies you are trading. In essence, depending on the pair you choose to trade with, you may have to pay anywhere from one to fifty pip.
Trading in Stocks and Exchange-traded Funds
Regarding trading equities and ETFs, Investous does not charge any commissions. In other words, there are no management, rollover, ticket, or additional broker fees to pay. You also don’t have to pay any overnight costs, which means all you have to put into the deal is your money.
Keep in mind, however, that investing in stocks/ETFs requires a minimum of $50, which includes leverage.
Depending on the cryptocurrency, fees range from 0.75 percent to 3.9 percent. A fixed coin transfer cost is 0.5 percent of the transaction size in terms of fees. The minimum and maximum costs are $1 and $50, respectively (keep in mind these fees are measured in units). In Investous, the minimum deposit for cryptocurrencies is $250.
How to Sign Up for an Investous Account
Opening an account on Investous is simple, but there are a few procedures you must follow to guarantee your account is created correctly. You may learn more about how to sign up by looking at the steps below:
Step 1: Go to Investous ‘s website and click the “Join Now” button.
Step 2: Fill in your personal details on the registration form. You can also use Gmail or Facebook to log in. Before you create an account with Investous, make sure you read and understand the Terms & Conditions.
Step 3: As mandated by the European Parliament and Council, all investors must go through the KYC process. New traders must furnish Investous with a confirmation of residence and proof of identity as part of the KYC procedure.
In addition, the trader must complete a questionnaire that asks about his or her professional status, financial liquidity, investing ambitions, and other topics. The process should not take more than 10-15 minutes if everything is done correctly.
Investous now offers two different account types, including the ones listed below:
- Demo Account
- Live Account
Investous Demo Account
Beginners can use Investous’s demo accounts to practice their skills before jumping into the real trading market. Keep in mind that when you use this account type, you won’t have to worry about any risks or losses.
Demo accounts come with a $100,000 “virtual portfolio” that you can use to test new techniques before going live with genuine trading.
Investous Customer Service
Potential traders must ensure that the broker firm they choose can provide adequate support whenever they require it.
Customers can contact the support team via phone, email, or live chat in real-time. Support is available in the following languages: English, Spanish, Portuguese, Chinese, and Russian.
Traders can enjoy their trading experience without worrying about security breaches because of its regulations.
Keep in mind that traders in the United States may have a different Investous experience due to the platform’s many constraints. Still, it’s a wonderful choice for anyone looking for a secure and efficient trading environment.